A new trend is developing in emerging markets, as more exchanges are listing ETFs. China has finally approved the ETF to trade on its exchanges, with other countries like Vietnam close behind.

Lippo Limited, the Hong Kong investment company of Indonesia’s Riady family-run Lippo Group, listed the first Hong Kong ETF focused on solely in property in greater China – the Lippo Select HK & Mainland Property ETF, reports Paul J. Davies on Financial Times.

ETFs have been slow to warm up in Asia, however, regulators are now aware of the potential to attract foreign capital and generate more investor interest, both domestic and abroad.

“Asia is in a relatively early stage of ETF development but China, Hong Kong and South Korea are among the markets forging ahead. In terms of the number of newly-listed ETFs so far this year, Hong Kong has topped the regional league table with 30, according to Morningstar Asia. But measured by assets under management China saw the strongest growth, of about 60%,” Heather Dale wrote for Financial Times.